According to a recent article in the Journal of Accountancy, the number of taxpayers choosing AI tools over humans to prepare their taxes has declined over the last year. This report is no surprise to the experienced tax professionals at GYF. We view our role as trusted advisors, taking the time to understand our clients’ needs and goals. Our team utilizes technology that enables them to efficiently perform routine tasks so that they can focus their time on strategic tax planning for clients.
The specialized AI tax tools we use in our practice have many more tax-specific resources than what you would find by using publicly available (free) AI products. A big problem for taxpayers who rely on AI to answer tax questions is that they may not be asking the right questions. Because tax provisions can be complex, if the prompt is not written correctly or if it does not include all of the necessary facts, AI may not provide the right answer for that specific situation. In short, AI can give the right answer to the wrong question.
For reliable tax assistance, it is best to consult a qualified professional. Contact GYF’s tax team at 412-338-9300 to learn more about our tax planning and compliance services.
